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most of it followed bill clinton's 1993 tax increase. now, mitt romney has just spent two years telling us that tax cuts are all you need to stimulate the economy. is that wrong? >> absolutely wrong. supply side economics is bunk. we have seen historically not only when bill clinton raised taxes the economy did very well. george w. bush in 2001, 2003, cut taxes and the economy did very badly and then ultimately went really over a cliff in 2008. or more evidence for the first three decades after the second world war in the united states, the top tax rate never fell below 70% under dwight d. eisenhower, president eisenhower -- >> and yet professor, we have heard paul ryan, the so-called budget policy wonk of the house, repeatedly tell us that what we need to do is cut taxes and the economy does great. >> well, that's just simply not true. we had an election. most of the americans obviously did not believe that nonsense, and it is absolutely nonsense. there's no correlation at all between tax rates on the very top and the economy doing wors
most of it followed bill clinton's 1993 tax increase. now, mitt romney has just spent two years telling us that tax cuts are all you need to stimulate the economy. is that wrong? >> absolutely wrong. supply side economics is bunk. we have seen historically not only when bill clinton raised taxes the economy did very well. george w. bush in 2001, 2003, cut taxes and the economy did very badly and then ultimately went really over a cliff in 2008. or more evidence for the first three decades...
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Nov 15, 2012
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president in her corner, no matter what, bill clinton. but she has served president obama very well as has joe biden. wouldn't that president the president in a very tight spot? >> it would. >> well, like jonathan said i think some conversations will have to be had behind the scenes before they decide who will go forward. but i think the president will maybe say something -- you know, he'll try to stay out of it, but i think he'll make his choice known behind the scenes. >> so who on the right would be the biggest opponent? would it be a christie or rubio? >> those are certainly two candidates that could come forward in 10 t 2016. marco rubio saying his trip has nothing to do with 2016. nobody other than marco rubio believing that. you have to think about bobby jindal, the governor of louisiana, susanna martinez has gained a lot of interest among republicans lately. particularly after they were hammered with the latino vote in the last election. so there are a lot of republicans who could end up running. there will be some effort in the r
president in her corner, no matter what, bill clinton. but she has served president obama very well as has joe biden. wouldn't that president the president in a very tight spot? >> it would. >> well, like jonathan said i think some conversations will have to be had behind the scenes before they decide who will go forward. but i think the president will maybe say something -- you know, he'll try to stay out of it, but i think he'll make his choice known behind the scenes. >> so...
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Nov 12, 2012
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you saw a second term with bill clinton ton, they cooped and impeached him, too. >> up next, this is one thing you'll see only on "the cycle." developments in the search for bigfoot. yes, i said bigfoot. >>> no, no, no. >> we just got it. dude, i think they're here. >> something's moving down below. y-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. gives you a low national plan premium... so you can focus on what really matters. call humana at 1-800-808-4003. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including i
you saw a second term with bill clinton ton, they cooped and impeached him, too. >> up next, this is one thing you'll see only on "the cycle." developments in the search for bigfoot. yes, i said bigfoot. >>> no, no, no. >> we just got it. dude, i think they're here. >> something's moving down below. y-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over...
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Nov 12, 2012
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on taxes it's as bill clinton said. it's simple math. spending is at 24% of gdp. taxes are at about 15% of gdp right now. even the most conservative member of congress only proposes to bring spending down to say 20% or even 19% of gdp. you still have a 4% to 5% gap. that represents hundreds of billions of dollars that has to be made up. even if you assume growth could get back to 3%, that won't make up the gap. so taxes have to be on the table. there's no way to get around that if you want to actually deal with the fiscal crisis that we have. and what is most heartening to me is to learn today that the president is willing to take this show on the road, to go out into the states and make the case and actually reinforce that mandate he has and make republicans realize that those that want to work with him will be rewarded as people who are trying to solve people, those that want to obstruct will pay a political praice that they will feel at election time. >> his opening act has got to be rick ross. these haters are not going to hold me back. some of the conservativ
on taxes it's as bill clinton said. it's simple math. spending is at 24% of gdp. taxes are at about 15% of gdp right now. even the most conservative member of congress only proposes to bring spending down to say 20% or even 19% of gdp. you still have a 4% to 5% gap. that represents hundreds of billions of dollars that has to be made up. even if you assume growth could get back to 3%, that won't make up the gap. so taxes have to be on the table. there's no way to get around that if you want to...
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Nov 14, 2012
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as bill clinton might say, it's just arithmetic. >> john boehner is making his bid for speaker of the house official in eye letter sent to his colleagues he says his priorities are taking on the president and democrats in the senate. he calls house republicans the last line of defense. mitch mcconnell is already thinking about 2014. the day after the election he held a fund-raiser for 1,000 bucks a person you could attend the reception. and here's a great perk about being first lady. michelle obama didn't want to wait until january to watch the third season of "downton abbey" so it sent dvds to the white house. the three of us are -- with hands on hips, where's ours? where's ours? >> if you read only one thing this morning, today's must read is courtesy of the national constitution center, which argues in a fascinating article why the petraeus affair has nothing on the nation's first sex scandal, hint, it included a duel and it's up on our facebook page alt facebook/jansingco. borm the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker
as bill clinton might say, it's just arithmetic. >> john boehner is making his bid for speaker of the house official in eye letter sent to his colleagues he says his priorities are taking on the president and democrats in the senate. he calls house republicans the last line of defense. mitch mcconnell is already thinking about 2014. the day after the election he held a fund-raiser for 1,000 bucks a person you could attend the reception. and here's a great perk about being first lady....
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Nov 15, 2012
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, he didn't say when taxes were raised in the clinton administration. the economy took off. so i think leaders -- >> it's possible. it's definitely possible. >> talk about the spirit of compromise that he had mentioned. what does the president get here out of this in if he gets business leaders on board to get republicans to deal? if he gets them on board, will it force republicans to deal? >> we've seen repeatedly the republicans are seen on their own planetary orbit. if you get wealthy americans to say to them that you have to cut a deal, i think what is really important here is you need to show fiscal responsibility. there's 1 trillion to $2 trillion of gas sitting on the sidelines. and they want to be invested in this country, in growing businesses, in building new equipment. >> does this show us therefore we might be seeing what you just described? release some of the 1.2 trillion dlarz? >> if we can show fiscal responsibility, yes. we still get to keep american businesseses competitive. can we have that together? >> i bet we can. i bet the stock m
, he didn't say when taxes were raised in the clinton administration. the economy took off. so i think leaders -- >> it's possible. it's definitely possible. >> talk about the spirit of compromise that he had mentioned. what does the president get here out of this in if he gets business leaders on board to get republicans to deal? if he gets them on board, will it force republicans to deal? >> we've seen repeatedly the republicans are seen on their own planetary orbit. if you...
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Nov 15, 2012
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as bill clinton would say, it's arithmetic. nothing is going to get done unless we find a way to work together. and i'll tell you, the public has just had it. well, you know, the approval rating of congress is in single digits. it's pretty awful. and it's all about, in my view, the inability to simply sit down and solve some of these problems. >> senator, quick question, brian sullivan from cnbc here. would you support a fiscal cliff resolution on taxes that did not involve an elevation of the top-end rate? in other words, 35 to 39.6, would you support a tax increase but only as boehner would like to do through the reductions or deductions, or are you fixed to that rate? >> well, i think we're fixed too much on this issue because it's only a small piece. even if you do the increase on the people above $250,000, it's a long way from solving the full problem. i'm a simpson-bowles guy myself in the sense that i think there's got to be an across-the-board settlement. so i think what you're really talking about is a temporary soluti
as bill clinton would say, it's arithmetic. nothing is going to get done unless we find a way to work together. and i'll tell you, the public has just had it. well, you know, the approval rating of congress is in single digits. it's pretty awful. and it's all about, in my view, the inability to simply sit down and solve some of these problems. >> senator, quick question, brian sullivan from cnbc here. would you support a fiscal cliff resolution on taxes that did not involve an elevation...